ABB India Share Price Target Raised by Over 50% by UBS After Upgrade to 'Buy' Shares of ABB India Ltd. opened higher on Friday, March 13, following an upgrade from Swiss brokerage UBS. The firm raised its rating on the stock to 'Buy' from 'Neutral' and significantly increased its price target to ₹8,030 from ₹5,310. This revised target suggests a potential upside of approximately 26% compared to Thursday’s closing level. UBS also added ABB India to its Asia-Pacific key call list, highlighting an improved risk-reward profile driven by both structural and cyclical growth factors. The brokerage noted a shift in the company’s revenue mix toward niche and scalable end markets, which are expanding at two to four times the rate of real GDP. The firm pointed to a positive short-cycle outlook, which has improved after a recent slowdown. This recovery is attributed to a cascading effect from recent capital expenditure decisions, supportive budget measures, trade agreements, and the potential resurgence in base and large-ticket orders. UBS believes the market may have underestimated ABB India’s capacity to capture a larger share of the total addressable market in emerging niche segments within its motion and electrification businesses. The brokerage revised its forecasts for the 2025-2028 period, projecting order, revenue, EBITDA, and profit after tax compound annual growth rates (CAGR) of 18%, 16%, 20%, and 20%, respectively. These figures are significantly higher than current consensus expectations. Among the 31 analysts tracking the stock, 13 have a 'Buy' rating, 10 recommend 'Hold,' and eight maintain a 'Sell' call. On Friday, ABB India shares were trading 1.42% higher at ₹6,505, with the stock up about 26% year-to-date.#capital_expenditure #ubs #abb_india #asian_pacific #motion_electrification
